4 Cents Party, page-24

Look, I'm the first one to call a spade a spade, but let's be real here. They just made enough cash to get them through a few more quarters even with the crazy $3 million spend announced last quarter. Lets see what they spent from Oct - Dec. It will be interesting to see how much the company is willing to share with us about the actual cost of the BFS.

As far as the AVLOA's lets see what it looks like right now if I want to invest say $50,000.

I can buy 1,428,571 AVL's at 3.5c OR 5,000,000 AVLOA's at 1c. Fast forward to after a decent BFS and say the SP settles at just 4c. Here's where you sit.

On your AVL shares you've made $7,142.84 (1,428,571 X .005)
On the AVLOA if it moves up in the same interval (still NO premium!!). You've made $25,000 (5,000,000 X .005c) Imagine if a premium gets built in.

Now let's not forget that the options expire in less than 12 months. However, those options are going to be worth exactly what the share price is minus 2.5c at the end of the year. Insert any numbers you want!! If you like the story and think this company can tick the boxes in 2022 then those options sure look good.